US stock futures fell on Thursday, with hopes of stimulus and the possibility of new sanctions across Europe overshadowing the global economic outlook. According to futures tied at 1.1%, the S&P 500 …
Read More »Wells Fargo’s earnings hit 56% despite epidemic hit subsidy
Wells Fargo & Company WFC <span>-4.79%</span> Its third-quarter profit fell 56% on Wednesday, though the bank indicated it was prepared for a wave of sour loans. The San Francisco-based lender said it …
Read More »Goldman Sachs third-quarter profit source
Goldman Sachs Group Inc GS -1.55% Of Third quarter profit almost doubled, which is the latest confirmation that even in an epidemic and recession, Wall Street can still make money. Goldman reported …
Read More »Invesco launches four new funds associated with the flagship QQQ Tech ETF
Invesco<span class="company-name-type"> Limited</span> IVZ <span>3.21%</span> Adding more QS to its fund lineup is a wager by the world's fourth-largest issuer of exchange-traded products that investors' love affair with technology stocks will continue. …
Read More »The strength of the stock market tells us less about the real state of the economy than at almost any time in the last five decades
Chapel Hill, NC – We can stop arguing whether the stock market is more disconnected from the economy. According to René Stulz, professor of banking and monetary economics at Ohene State University …
Read More »Securities to buy NYSE market-making unit of smaller rival IMC
The companies said electronic trading giant Securities Securities will have an already large presence on the New York Stock Exchange by purchasing the NYSE market-making business of smaller rival IMC Financial Markets. …
Read More »Morgan Stanley to buy Eaton Vance for $ 7 billion
Morgan Stanley M.S. 2.03% Said it is buying fund manager Eaton Vance for $ 7 billion just days after completing its takeover of discount broker E * Trade Financial Corp, continuing to …
Read More »What do Facebook, Apple, Amazon, Microsoft and Alphabet have in common with the 1970 ‘Nifty-Fifty’ shares?
Many stock-market bears are comparing today’s “FAAMG” stocks to the “Nifty Fifty” stocks that dominated the US market in the early 1970s – and which ended in the 1973–74 bear market. In …
Read More »Your Guide to Difficult Tax Rules of Retirement
When you are planning your retirement, it is easy to ignore an important topic: How much tax will I tax my retirement income? Frankly, it is a horny nest. But the subject …
Read More »What you need to know about social-impact investing
It is an investment strategy known by many names. Some call it a socially responsible investment. Others call it social-impact investing, or simply influence investment. Still others call it ESG (for environmental, …
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